Asset-Liability Management with Ultra-Low Interest Rates

Konferenzbeitrag

The present SUERF Study includes a selection of papers based on the authors’ contributions to the Vienna conference, jointly organized by SUERF, the OeNB and the Austrian Society for Bank Research. In reply to the financial crisis, the Great Recession and sovereign debt crisis, many central banks have pursued ultra-easy and far reaching unconventional monetary policies for several years. Yields on various bond classes – including euro area sovereign bond yields since the sovereign debt crisis has subsided – have reached extremely low levels. Prices on stocks and real assets have soared. In several countries, markets have been expecting a reversal of the interest rate cycle for some time now. As a result, the risk of – possibly substantial – price corrections in all these asset classes may be seen to have increased.

Object Details

• ISBN: 978-3-902109-77-4
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: SUERF Studies ; No. 2015/2

Classification and Topics

• Classification: Wirtschaft ; Interest Rates: Determination, Term Structure, and Effects ; Financial Markets and the Macroeconomy ; Monetary Policy ; Central Banks and Their Policies ; Portfolio Choice; Investment Decisions ; Asset Pricing; Trading Volume; Bond Interest Rates ; General Financial Markets: Government Policy and Regulation ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Insurance; Insurance Companies; Actuarial Studies ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Financial Institutions and Services: Government Policy and Regulation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Berdin, Elia ; Grossman, Richard S. ; Gründl, Helmut ; Herold, Wolfgang ; Lambert, Frederic ; Forrest, Bruce McLean ; Molyneux, Philip ; Moser, Claude ; Nugée, John ; Lake, Colt Spenser ; Waterstraat, Silke ; Wilson, Dylan ; Wirth, Martin
• Event: Veröffentlichung
• (who): SUERF - The European Money and Finance Forum
• (where): Vienna
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/163515
• Last update: 10.03.2025, 11:44 AM CET